U.S. gas prices fall below $4 after U.S.-Iran deal (opens in new tab)

The U.S. average price for regular gasoline fell to $3.999 a gallon on Thursday, the first reading below $4 since March, after President Trump signed an interim agreement with Iran that reopened the Strait of Hormuz and eased oil-supply fears. AAA data showed the national average was still 25% higher than a year earlier and roughly $1 above the level before the war began on Feb. 28. Oil benchmarks also moved lower as shipping restarted through a waterway that normally handles about one-fifth ...